Should Canada answer Trump's tariffs? | The Professor Is In
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What is the main topic discussed in this episode?
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Hello, my love. I'm Ryan Weiss. And for the past 15 years, I've been an emotional intelligence coach and a spiritual guide. And I'm sharing with you my new podcast, Waking Up With Ryan. Waking Up With Ryan is a daily audio video podcast here to help you connect with yourself before the noise of the day takes over. So let's start our days together with a moment of calm that's just for you. Listen to Waking Up With Ryan on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
Once someone has shown that they will never live up to their side of an agreement, there's no reason for anyone else ever to sign an agreement with them. And that's essentially what the president's done.
This week, President Trump imposed new tariffs on Canada. You release an episode making the case that they're actually more consequential than they may initially appear to be. We're going to dig into some audience comments and questions. I'm Megan Connors.
I'm Justin Wolfers, and this is The Professor Is In. Think about this as office hours. Megan is bringing me your questions. Let's get into it, Megan.
Okay, so first up, I have to ask you, the timing of all of this seems a little suspicious. So in your professional opinion, do you think this has anything to do with the Canadian wildfires?
I thought you were going to ask me if it had anything to do with the World Cup because, look, the president's ego, bless him, we're all psychologically flawed. We all deserve love despite our flaws. His are just a little more naked and a little more obvious than the rest of us. So the World Cup, was an interesting one where Prime Minister Carney was embraced by the players. They thought he was cool. He was good to be around. They quite explicitly turned their back on the president. And in fact, the head of FIFA had to usher him off stage, explaining to him quietly that he was not in fact the star of the recent World Cup final. And people were interested in the 11 men behind him. That surprised the president, of course, and not much later, we got the Canadian tariffs.
You have a different theory, or you asked me about a different theory, which is what about the Canadian wildfires? Let me deal people in on that. On the previous Friday, the president tweeted, there's so much smoke in America, and there has been. Megan, you've had to stay inside in Ann Arbor, Michigan. People have been coughing. They've had a really hard time. The smoke's been hard. And what the president wanted to say was, I feel your pain where he'd look after you. Instead, what he said was, damn you, Canada, this smoke comes from your fires. We could come and help you, but instead I'm going to swear at you. And he said he would threaten tariffs. Was it 25% on Canada for having the temerity to have fires?
My brother. is staying with me at the moment. My brother's from Canada. He's from Toronto. And he made an observation that I want to share with you. He said, oh, it's Friday afternoon. After markets close, the president's going to say something crazy on Truth Social. My brother turned out to be right yet again. My own view for what it's worth is people find it a little bit too much fun to play the role of psychologist or psychiatrist and try to understand the president's brain. I think understanding another person's brain, their soul, their personality and their characteristics is just profoundly difficult. What I know how to do is to look at the incentives that they have and the economies within which they're embedded.
The coincidence that you said is what you get from looking inside his brain and his ego. Let me give you a different view. We currently have 10% tariffs on every country around the world under a temporary tariff that is only allowed to last for six months.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–4:24
2
Why did Trump impose new tariffs on Canada and when did they occur?
4:24–6:14
3
Could the timing of the tariffs be linked to the World Cup or Canadian wildfires?
6:14–15:25
4
What is the administration’s broader tariff plan and why target Canada now?
15:25–19:29
5
How do Canada’s dairy tariff‑rate quotas actually work and why are Americans upset?
19:29–21:56
6
Why does Justin say dairy trade is economically small and not worth blowing up trade over?
21:56–31:15
Speakers
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